Nihon Kohden recognizes that returning profits to shareholders is one of management's most important tasks. The basic policy on distribution of profits and dividends is to maintain stable and continuous dividend payments while retaining necessary reserves for future business expansion. The priority for distribution of profits is i) investment necessary for future business expansion used in R&D investments, capital investments, M&A or alliances, and development of human resources, ii) dividends, and iii) share buybacks. The Company sets a target consolidated dividend payout ratio of 30% or more. Share buyback is considered in a flexible manner, taking into account comprehensively its future business deployment, investment plan, retained earnings, and stock price level.
Years ended March 31, yen
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (Expected) |
||
---|---|---|---|---|---|---|---|
Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
2Q | 17.00 | 17.00 | 17.00 | 19.00 | 20.00 | 30.00 | |
3Q | - | - | - | - | - | - | |
FY-End | 18.00 | 18.00 | 38.00 | 48.00 | 41.00 | 31.00 | |
Total | 35.00 | 35.00 | 55.00 | 67.00 | 61.00 | 61.00 | |
Amount of Dividends(million yen) | 2,980 | 2,980 | 4,684 | 5,661 | 5,131 | - | |
Payout Ratio(%) | 26.6 | 30.2 | 25.7 | 24.2 | 30.0 | 33.1 | |
Ratio of Total Amount of Dividends to Net Assets(%) | 2.6 | 2.5 | 3.6 | 3.8 | 3.2 | - |
Date of Repurchase |
Number of Shares Repurchased (shares) |
Total Repurchase Amount (million yen) |
322,500 |
999 |
|
289,800 |
896 |
|
473,900 |
1,499 |
|
500,000 |
1,470 |
|
March 11, 2016 |
2,000,000 |
5,834 |
June 2, 2015 |
200,000 |
599 |
November 27, 2007 |
100,000 |
252 |
February 20, 2007 |
285,000 |
733 |
February 17, 2005 |
300,000 |
396 |
September 13, 2002 |
920,000 |
430 |
Date of Cancellation |
Number of Shares Cancelled (shares) |
Ratio of the Total Number of Shares Issued Before the Cancellation |
500,000 |
0.56% |
|
1,000,000 |
1.11% |
|
May 20, 2015 |
1,800,000 |
1.97% |